Generation Uranium Announces $800,000 Non-Brokered Private Placement
(TheNewswire)
Vancouver, British Columbia – May15, 2026 – TheNewswire - Generation Uranium Inc. (TSXV: GEN, OTCQB: GENRF, FRA: W85) (the “Company” or “Generation”) announces a non-brokered private placement of up to $800,000through the issuance of up to 11,428,571 units (the “Units”) at aprice of $0.07 per Unit.
Each Unit will be comprised of one common share andone-half of one common share purchase warrant (a “Warrant”). Eachwhole Warrant is exercisable to purchase one common share at a priceof $0.12 per share for a period of two years from the date of theclose of the financing.
The Company intends to pay finders fees in accordancewith the policies of the TSX Venture Exchange. The private placementis subject to approval by the TSX Venture Exchange and all securitiesare subject to a four-month hold period.
Proceeds raised from the issuance of the Units will beused by Generation for exploration on its Canadian uranium and critical mineral properties, generalworking capital, marketing and Project development.
The securities referred to in this news release havenot been and will not be registered under the United States SecuritiesAct of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered orsold within the United States or to, or for the account or benefit of,U.S. persons absent registration under the U.S. Securities Act andapplicable state securities laws, unless an exemption from suchregistration is available. This news release does not constitute anoffer for sale of securities for sale, nor a solicitation for offersto buy any securities. Any public offering of securities in theUnited States must be made by means of a prospectus containingdetailed information about the company and management, as well asfinancial statements. “United States” and “U.S. person” havethe respective meanings assigned in Regulation S under the U.SSecurities Act.
Further to the Company’s news release of May 12,2026, the TSX Venture Exchange has requested further details inrelation to engagement of Plutus Invest & Consulting GmbH(“Plutus”). The marketing agreement (the “MarketingAgreement”) is for a term of 12 months commencing May 12, 2026 andending May 11, 2027. Plutus is a Bremen, Germany-based firmspecializing in European investor relations, marketing services, andconsulting, notably engaged by Canadian mining companies for Europeanmarket outreach. Marco Massina is Managing Director of Plutus. Plutushas a business address at Buchtstrasse 13, Bremen 28195, Germany, andcan be contacted via email (contact@plutuinves.de) or by phone: (+49 42117540174). Registered at AmtsgerichtBremen | Registration No. HRB 39550 HB | Managing Director MarcoMessina
Steuernummer | TAX-ID: 60 126 20118 Finanzamt Bremen, Germany,Umsatzsteuer-ID | VAT: DE366956957.
The Media Services provided by Plutus will be inconsulting with the Company's management in building corporateawareness through Plutus's network in Europe. Mr. Messina isindependent of Generation and the only relationship is the marketingagreement currently under review. To our knowledge, Mr. Messina doesnot hold any securities of Generation directly or indirectly, nor doeshe intend to purchase any securities of the Company. His interests inthe Company are to provide investment services. In accordance with theterms of the Marketing Agreement, the Company will pay €100,000 to Plutus this month. Anypayment exceeding €100,000, up to a maximum of €250,000, will be paid if the Companyrequests to extend the initial campaign. The funds to pay for thesemarketing services will come from general working capital.
About Generation Uranium
Generation Uranium is a Canadian exploration companyfocused on advancing high?quality uranium assets in premier jurisdictions. Its flagshipYath Project is strategically located in Nunavut’s Angilakdistrict—one of Canada’s most active and rapidly emerging uraniumcamps. With a growing portfolio of high?priority targets and exposure toproven mineralized trends, Generation is well positioned to contributeto the future global supply of clean nuclear energy.
For Further Information
Michael Collins, P.Geo
+1(778) 819-7881
admin@generationuranium.com
Neither TSXVenture Exchange nor its Regulation Services Provider (as that term isdefined in the policies of the TSX Venture Exchange) acceptsresponsibility for the adequacy or accuracy of this release. The TSXVenture Exchange has neither approved nor disapproved of the contentsof this news release.
Uranium Outlook 2026
The uranium market in 2026 continues to strengthen,supported by a widening structural supply deficit and acceleratingglobal demand. Spot prices surpassed US$100/lb early in the year asmine production struggles to keep pace with reactor requirements.Demand growth is being driven by the rapid expansion of AI?powereddata centers, alongside significant increases in nuclear generationcapacity in China, India, and the United States. Long?term contractprices have now moved above spot, reflecting a healthy and sustainedtrend as utilities secure supply in an increasingly competitiveenvironment.
A comprehensive sector report1 released byShaw and Partners in February 2026 forecasts the potential for amulti?year uranium price spike toward US$200/lb. The reporthighlights tightening fuel contracting cycles, accelerating nucleardemand, and persistent supply shortfalls as the foundation for apowerful re?rating across the uranium sector.
The report also underscores a growing disconnectbetween uranium supply and long?term reactor demand. Global nuclearcapacity currently consumes approximately 180 million pounds (Mlb) ofU?O? annually, while existing mine production delivers only about150 Mlb. According to the World Nuclear Association’s reference scenario2, global nuclearcapacity could expand significantly by 2040, pushing annual uraniumconsumption toward 390 Mlb.
Shaw and Partners’ modelling furtherindicates:
New mine supply requirements this decade could exceed350 Mlb, once depletion of existing operations is included.
Structural supply deficits could surpass 200 Mlb peryear in the coming decades unless new large?scale uranium projectsare brought into production.
Overall, the uranium market is expected to remaintight, with low inventories and rising demand driving utilities towardincreasingly aggressive long?term contracting strategies. Thisenvironment continues to strengthen the outlook forexploration?stage companies positioned in proven and emerginguranium districts.
References
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